During the last session, Playtika Holding Corp (NASDAQ:PLTK)’s traded shares were 4.48 million, with the beta value of the company hitting 0.85. At the end of the trading day, the stock’s price was $7.15, reflecting an intraday gain of 1.13% or $0.08. The 52-week high for the PLTK share is $12.90, that puts it down -80.42 from that peak though still a striking 12.59% gain since the share price plummeted to a 52-week low of $6.25. The company’s market capitalization is $2.65B, and the average intraday trading volume over the past 10 days was 1.18 million shares, and the average trade volume was 885.02K shares over the past three months.
Playtika Holding Corp (NASDAQ:PLTK) trade information
Playtika Holding Corp (PLTK) registered a 1.13% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.13% in intraday trading to $7.15, hitting a weekly high. The stock’s 5-day price performance is -0.14%, and it has moved by -6.66% in 30 days. Based on these gigs, the overall price performance for the year is -29.07%. The short interest in Playtika Holding Corp (NASDAQ:PLTK) is 4.95 million shares and it means that shorts have 5.63 day(s) to cover.
Playtika Holding Corp (PLTK) estimates and forecasts
Statistics show that Playtika Holding Corp has underperformed its competitors in share price, compared to the industry in which it operates. Playtika Holding Corp (PLTK) shares have gone down -30.04% during the last six months, with a year-to-date growth rate less than the industry average at 9.38% against 13.10. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -30.40% this quarter and then drop -23.80% in the quarter after that. In the rating firms’ projections, revenue will increase 0.20% compared to the previous financial year.
Revenue for the current quarter is expected to be $641.59 million as predicted by 10 analyst(s). Meanwhile, a consensus of 10 analyst(s) estimates revenue growth to $641.5 million by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $656.2 million and $651.3 million respectively. In this case, analysts expect current quarter sales to shrink by -2.20% and then drop by -1.50% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -4.91%. While earnings are projected to return 3.54% in 2024, the next five years will return 8.90% per annum.
PLTK Dividends
Playtika Holding Corp is due to release its next quarterly earnings between May 02 and May 06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Playtika Holding Corp (NASDAQ:PLTK)’s Major holders
Playtika Holding Corp insiders own 85.84% of total outstanding shares while institutional holders control 13.92%, with the float percentage being 98.27%. AQR Capital Management, LLC is the largest shareholder of the company, while 213 institutions own stock in it. As of Jun 29, 2023, the company held over 4.99 million shares (or 1.36% of all shares), a total value of $57.84 million in shares.
The next largest institutional holding, with 3.06 million shares, is of Vanguard Group Inc’s that is approximately 0.83% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $35.46 million.
Also, the Mutual Funds coming in first place with the largest holdings of Playtika Holding Corp (PLTK) shares are John Hancock Small Cap Core Fd and Vanguard Extended Market Index Fund. Data provided on Aug 30, 2023 indicates that John Hancock Small Cap Core Fd owns about 2.2 million shares. This amounts to just over 0.60 percent of the company’s overall shares, with a $21.5 million market value. The same data shows that the other fund manager holds slightly less at 1.26 million, or about 0.34% of the stock, which is worth about $14.63 million.
